FMC Commissioner comments on impact of coronavirus on the supply chain In a statement released yesterday, the Federal Maritime Commission (FMC) said that its authorities and available services remain in place during the COVID-19 situation. It noted that some major tradelanes are currently
Class societies report uptick in use of remote surveys The impact of coronavirus-related restrictions on access to ships has helped accelerate shipowners' use of classification society remote survey services. Today, ABS reported that it is expanding its remote survey options for
All American Marine to complete construction of Water-Go-Round SWITCH Maritime (SW/TCH) has awarded All American Marine, Inc. (AAM), Bellingham, Wash., a contract by to complete the aluminum construction and outfitting of the 70-foot, 84-passenger zero-emissions, hydrogen fuel cell powered, electric
Corps starts flood fight activities in two districts The Mississippi River has risen to 15 feet at the Carrollton Gage prompting the U.S. Army Corps of Engineers, New Orleans District to reactivate Phase II flood fight procedures. Closely coordinating efforts
Port State Control MoUs give guidance on enforcement during COVID-19 outbreak The Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control have each given guidance to their member agencies on dealing with the impact of the coronavirus on ships' abilities
Next gen e-ferry charging solution enters service A next generation Automatic Plug-in System (APS) solution for charging electric ferries has entered service in Oslo, enabling safe, fast and clean vessel charging, and highlighting the role of Lugano, Switzerland, headquartered
WETA seeks emergency funding to maintain disaster response capabilities The San Francisco Bay Area Water Emergency Transportation Authority (WETA), which operates the San Francisco Bay Ferry service, is seeking $4 million of emergency funding from regional, state and federal sources. The
Coronavirus: Maersk seafarers test positive on boxship The impact of the coronavirus is having a severe effect on the container trades as consumer demand slumps in the...
EU block exemption extension draws industry fire Industry groups claim EC ignored their concerns regarding the Consortia Block Extension Regulation and warn of damage to supply chains
Maersk Product Tankers says outlook is 'uncertain' The company boasted of its fleet renewal, emissions cuts and use of optimisation software in its annual results
Coronavirus: Paris MOU relaxes rules as UK suspends port state control 'While we cannot compromise on safety, there are a number of temporary measures we are taking to ensure shipping does...
Tanker freight futures spike on floating storage sentiment Oil trader Vitol's chief executive Russell Hardy estimates lost crude demand to peak at 15m-20m barrels per day over the...
Forwarders call for Brexit transition extension Refusing to ask for an extension beyond the end of this year amid the coronavirus crisis would be 'irresponsible', says...
Pirate attack thwarted off Nigeria Master of the 60,435 dwt bulk carrier sounded the alarm, forcing the pirates to abort their attack, according to Lloyd's...
Box volume recovery may not last, says Cosco ports chief Hong Kong-listed Cosco Shipping Ports recorded $308m net profits for 2019, down 5.1% from 2018, while total throughput rose 5.5%...
Dry bulk and containerships lead 'flood' of scrubber cancellations Persistent low marine fuel prices will hit the fortunes of shipowners who have invested heavily in fitting scrubbers, warns research...
Maersk to cut services as demand falls As hopes of a demand-driven return to volumes fade, Maersk tells customers to prepare for service cuts
J. Lauritzen focuses on short-term trading Copenhagen-based company to have a cash injection of $20m from its sponsor
Wallenius Wilhelmsen lays off workers in US and Mexico The privately owned carrier scrapped its dividend and mothballed vessels earlier this week because of falling demand
Liquefied bio and synthetic methane could decarbonise shipping Intensive carbon pricing to help both fuels, as well as ramp-up of renewable electricity supply to boost LSM production, will...
CMA CGM completes first terminal sales French carrier receives $815m cash boost from sale of first eight terminals to Terminal Link joint venture
Health crisis exposes need for LNG floating storage Floating, rather than onshore tank, storage holds the key to promoting liquidity in the liquefied natural gas market
Daily Briefing Free to read: Indian seafarers delay homecoming amid 21-day lockdown | Hoegh LNG locks down vessels not due crew rotation...
Hong Kong Maritime Museum closes amid coronavirus threat The museum displays about 1,000 objects in 15 galleries, attracting around 130,000 visitors annually
Virus lockdown sees force majeure at Indian ports 'We are facing unprecedented odds to sustaining our business' - Essar Shipping chief executive Ranjit Singh
Wärtsilä trials ammonia fuel for ships The Finnish firm hopes to supply ammonia fuel, engines and storage services
Coronavirus spurs greater interest in remote vessel inspections Remote inspections are becoming easier as ship connectivity improves and costs fall
US carriers seek approval for 'co-operation agreement' from FMC The so-called 'Caribbean and Central American Co-operative Working Agreement' would cover the trade between ports on the US Atlantic and...
CMA CGM bolsters bank account amid 'high uncertainty' during pandemic Carrier generates $815 million in cash with sale of stakes in eight port terminals.
FMC presses to finalize container availability rule The U.S. Federal Maritime Commission's legal staff is expected to deliver its final demurrage and detention rulemaking assessment to the commissioners in the next several...
Coronavirus impact drives car carrier to reduce fleet, workforce Wallenius Wilhelmsen laying off 2,500 workers in the United States and Mexico, retiring and recycling about 15 vessels.
Ocean container volumes are about to fall off a cliff Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.
Port of Virginia rapidly moving COVID-19 test kits Critical cargo initiative launched to quickly process imports needed in the fight against the coronavirus.
Georgia ports employ 'isolate and operate strategy' to battle COVID-19 Best February ever recorded despite challenges from coronavirus pandemic.
United, Alaska further slash domestic capacity for April Airlines expected to increase use of truck capacity to move cargo around the country.
February sales of marine fuel 0.5%S at Panama Canal fall on month Sales of marine fuel 0.5%S at the Panama Canal totaled 340,338 mt in February, down 12.35% from January, according to a report published this week by the Panama Canal Authority.
Singapore Marine Fuel 0.5% differentials for Apr plunge on sinking demand Cash differential for the supply of Singapore Marine Fuel 0.5% in April were being negotiated significantly lower as compared to levels at which contracts were concluded for supply in March, traders said this week.
HK's NewOcean Energy 2019 bunker sales up 66% by volume Hong Kong-based energy company NewOcean Energy said its bunker sales volume in 2019 rose 66% as sales in Hong Kong and Singapore combined rose 90% to 3.826 million mt, while sales in China fell 6.0% to 638,000 mt.
European gasoline cracks near parity with HSFO cracks High sulfur fuel oil cracks in Europe came within 68 cents/b of the gasoline crack this week, as gasoline margins hit their lowest level on record amid the coronavirus pandemic.
European LSFO feels COVID-19 impact despite increased utility demand The hi-lo fuel oil spread -- measuring the relative value of 1% sulfur FOB Northwest European cargoes to 3.5% FOB Rotterdam barges -- could narrow further on increased low sulfur fuel oil availability in Europe combined with lackluster demand amid the coronavirus outbreak.
Singapore's MPA to give rebates to passenger ship owners to cushion COVID-19 impact The Maritime and Port Authority of Singapore will provide economic relief to passenger vessel owners and operators, as well as passenger terminal operators, that have seen a drop in passenger volumes due to the COVID-19 outbreak, Singapore's deputy prime minister and minister for finance, Heng Swee Keat, announced Thursday.
Russian producers shrug off impact of tougher coronavirus measures Russian oil and gas producers said Thursday that measures introduced so far to combat the spread of the coronavirus in Russia will not affect oil and gas production and supply.
Ecopetrol to cut runs at Barrancabermeja by 30%: sources Colombia's largest refinery, the 220,000 b/d Barrancabermeja complex, is expected to reduce crude process by 30% starting next week, market sources said Thursday.
Crude remains in the $20s/b as coronavirus spread reduces demand Petroleum prices fell Thursday, remaining in the $20s/b, as the coronavirus spread continued to reduce travel and demand for transportation fuels.
Crude snaps 3-day up streak as oversupply narrative comes into focus Crude futures settled lower Thursday, snapping a three-day up streak as renewed focus on coronavirus-related demand destruction overshadowed the passage of a $2 trillion US stimulus package.
India's lockdown amid coronavirus pandemic to hurt middle distillate sector further The lockdown in India has affected India's aviation sector further amid the coronavirus pandemic as air traffic passenger rates dwindles, pressuring jet fuel prices to dip to record lows.
US Gulf Coast IFO 380 grades plummet to new four-year lows US Gulf Coast IFO 380 bunker fuels plunged Thursday to nearly four-year lows on sagging demand and a declining crude complex.
US Gulf Coast naphtha heads to Asia amid fallen freight; glut of ULSD left onshore Sunken freight rates for clean tankers due to a global demand decline amid the coronavirus pandemic has left the arbitrage from the US Gulf Coast to Asia wide open for naphtha, but the route to Europe for ultra low sulfur diesel remains shut despite a drop in USGC demand.
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